LM Asset Management Inc.
LM Asset Management Inc. reported 9 US-listed holdings worth $144.5 million in its 13F for the quarter ended 30 June 2026, filed 11 August 2026. Its largest: Vermilion Energy Inc. (23.9%), Lumen Technologies, Inc. (22.3%) and Gran Tierra Energy Inc. (18.9%). Against the quarter before, it opened 0 positions, added to 4, trimmed 5 and sold out of 0.
Filed before as LM Asset (IM) Inc., LM Asset Management, Inc.
The 9 largest of its 9 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +64.5% over the 6 quarters to 30 June 2026, against +27.4% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Added to 4
- Vermilion Energy Inc. VET+533,400 shares · +17%
- Graphic Packaging Holding Co. GPK+423,000 shares · +118%
- Gran Tierra Energy Inc. GTE+320,000 shares · +8%
- Claros MTG Trust Inc. CMTG+446,000 shares · +32%
Trimmed 5
- Telesat Corp. TSAT-116,300 shares · -30%
- Lumen Technologies, Inc. LUMN-755,000 shares · -15%
- Goodyear Tire & Rubber Co. GT-590,000 shares · -29%
- Algoma STL Group Inc. ASTL-749,000 shares · -42%
- Brandywine Rlty Trust BDN-371,000 shares · -10%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Vermilion Energy Inc. VET | 3.7M | $34.5 million | 23.86% | +533.4K |
| Lumen Technologies, Inc. LUMN | 4.2M | $32.3 million | 22.34% | -755.0K |
| Gran Tierra Energy Inc. GTE | 4.4M | $27.3 million | 18.88% | +320.0K |
| Telesat Corp. TSAT | 266.4K | $13.5 million | 9.33% | -116.3K |
| Brandywine Rlty Trust BDN | 3.4M | $10.7 million | 7.39% | -371.0K |
| Goodyear Tire & Rubber Co. GT | 1.4M | $9.6 million | 6.62% | -590.0K |
| Graphic Packaging Holding Co. GPK | 783.0K | $8.3 million | 5.73% | +423.0K |
| Claros MTG Trust Inc. CMTG | 1.8M | $4.3 million | 3.00% | +446.0K |
| Algoma STL Group Inc. ASTL | 1.0M | $4.1 million | 2.85% | -749.0K |
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Change is shares against its 13F for the quarter before.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Lumen Technologies, Inc. LUMN | Calls | 2.2M | $16.8 million |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.